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The Rent Guarantor Form is a crucial document in Canadian rental markets, particularly useful in situations involving students, first-time renters, or tenants with limited credit history. It provides landlords with additional security by having a financially stable third party guarantee the tenant's obligations under the lease agreement. The document must comply with provincial residential tenancy laws and include specific provisions required by local legislation. Typically used in both residential and commercial contexts, the form outlines the guarantor's obligations, the extent of liability, duration of the guarantee, and enforcement mechanisms. It's essential for property managers and landlords to ensure the form meets all legal requirements of their specific province while protecting their interests in case of tenant default.

1. Parties: Identifies all parties involved: the Landlord (creditor), Tenant (primary debtor), and Guarantor

2. Background: Explains the context of the guarantee, including reference to the main tenancy agreement

3. Definitions: Defines key terms used throughout the document

4. Guarantee and Indemnity: Core section detailing the guarantor's obligations and the extent of the guarantee

5. Duration of Guarantee: Specifies how long the guarantee remains in effect

6. Guarantor's Obligations: Lists specific financial and other obligations the guarantor is agreeing to cover

7. Landlord's Rights: Outlines the landlord's rights in enforcing the guarantee

8. Notice Requirements: Specifies how and when notices must be given between parties

9. Enforcement: Details the circumstances and process for enforcing the guarantee

10. Governing Law: Specifies the applicable provincial law governing the agreement

11. Execution: Signature blocks and witness requirements